Suppose a U.S. investor wishes to invest in a British firm currently selling for 30 per share. The investor has $14,400 to invest, and the current exchange rate is $2/. Suppose now the investor also sells forward 7,200 at a forward exchange rate of $2.05/.

Required: a. Calculate the dollar-denominated returns for each scenario. (Round your percentage answers to 2 decimal places. Negative amounts should be indicated by a minus sign.)

\begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline \multirow{2}{*}{\multicolumn{2}{|c|}{\begin{tabular}{l} Price per \\ Share () \end{tabular}}} & \multirow{3}{*}{ Exchange Rate } & \multicolumn{6}{|c|}{ Rate of Return (\%) at Given Exchange Rate } \\ \hline & & & \multicolumn{2}{|l|}{$1.80/} & \multicolumn{2}{|l|}{ \$2.00/ } & \multicolumn{2}{|l|}{$2.20/} \\ \hline & 21 & & & % & & % & & % \\ \hline & 26 & & & % & & % & & % \\ \hline & 31 & & & % & & % & & % \\ \hline \end{tabular}